A few weeks ago, "Ghostbusters" writer and star Harold Ramis revealed that the long-awaited third movie in the series is planned for a 2011 release. This news broke only a short time after "Avatar" star Sigourney Weaver speculated that Bill Murray's character Pete Venkman might appear in the movie as a slimer ghost, and that Oscar, her character's son from the second movie, would be a full-fledged Ghostbuster.

Ivan Reitman, director and producer of the first two movies, stopped to chat with MTV's Josh Horowitz last night on the National Board of Review red carpet in New York City. He shied away from addressing Weaver's spoiler-y speculation, but he did have some things to say about the general state of development for "Ghostbusters III."

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Reitman said that the script from "Year One" writers Lee Eisenberg and Gene Stupnitsky is in and that a second draft is currently in the works. He also confirmed that he will indeed be returning to direct the coming sequel, as had been previously speculated.

"They have delivered a draft," Reitman said of the script's progress. "We are working our way through another draft... good work is being done and all of us have our fingers crossed."

What he wouldn't do was address exactly what that "good work" entailed. Asked about Weaver's recent comments, Reitman laughed and kept things light.

"I'm not going to comment on what's in the script and on what Sigourney may or may not have said," he told us. "She's been so busy on 'Avatar,' I've not been able to find her. There's some very cool things in the new draft, let's just put it that way."

Reitman was all business again when the talk turned back to the schedule. "I hope to start shooting in this next year," he said, giving weight to Ramis' recent comments about a planned 2011 release.

Then the bomb dropped. Asked if he would be returning to direct "Ghostbusters III," Reitman answered with a simple and unequivocal "Yes." It's good to see the old gang all getting back together, isn't it?